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U.S.-Listed Bitcoin Miners' Share of Global Hashrate Reached Record in July: JPMorgan
16.7.2024
The aggregate market cap of the fourteen bitcoin miners listed in the U.S. that the bank tracks rose 29% since the end of June, the report said
US Bitcoin miners hodl in expectation of BTC price rises
15.7.2024
US mining firms are confounding pre-halving expectations by hodling the BTC they mine
Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days
14.7.2024
Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023...
Bitcoin Miners Have Been ‘Extremely Underpaid’ Since Mid-June
13.7.2024
Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin’s hashrate is still just under...
Crypto miners stole $723M of electricity in Malaysia since 2018: Report
11.7.2024
Malaysia’s Deputy Minister of Energy Transition and Water Transformation revealed the number during an event where they disposed of over 2,000 machines seized in an operation
Bitcoin Miners Are Attractive Partners to Build Artificial Intelligence Data Centers: Bernstein
10.7.2024
The broker initiated coverage on miners Iren Energy and Corz Scientific with outperform ratings
Bitcoin transfer costs fall to 2020 lows
10.7.2024
Bitcoin transaction fees hit a four-year low on July 7, falling to $38.69. Miners remain profitable due to reduced network difficulty and lower computational power needs
Stablecoins, Miners Outperform as $18B Gets Wiped Out From Crypto in June: JPMorgan
8.7.2024
Spot bitcoin ETFs saw their second worst month since launching in the U.S., with an estimated $662 million of net outflows, the report said
Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies
8.7.2024
U.S.-listed mining companies produced a greater share of bitcoin in June than May as they brought on new capacity while the network hashrate dropped, the report said
Bitcoin miners ‘near capitulation’ as profits dry up alongside BTC sell-off
5.7.2024
CryptoQuant analysts say Bitcoin miners are showing signs of “capitulation” as profit margins tighten in the post-halving climate and BTC price falls close to $50,000
Private Equity Giants Are Circling Bitcoin Miners on AI Allure
5.7.2024
Private equity firms are now looking at bitcoin miners in a much more different way after Core Scientific signed 200MW deal with CoreWeave in June, the company’s CEO said in an exclusive interview with CoinDesk
Bitcoin’s Daily Mining Revenue Dollar Value Plummets to Historic Low
4.7.2024
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to $44.842 per PH/s. The dollar value of daily...
Bitcoin Miners’ June Revenue Dips Slightly Below May
1.7.2024
The revenue generated by bitcoin miners slightly declined in June, totaling $963.67 million, down from May’s $964.24 million. Additionally, the hashprice, or the expected value of one petahash per second (PH/s) of hashpower, decreased from $57 per PH/s to the current $48. Bitcoin...
Runes TXs on Bitcoin have tanked over 88% this month
30.6.2024
Bitcoin miners have earned less than 2 Bitcoin combined from Runes transactions over the last six straight days — an enormous drop from its record 884 Bitcoin on April 24
Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall
29.6.2024
With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above...
Bitcoin miner sell pressure 'weakening' as BTC withdrawals drop 85%
28.6.2024
BTC withdrawals from miner-affiliated wallets have gone from above 50,000 per day to under 10,000 since the halving, data shows
Bitfarms adds board member to deter Riot Platforms takeover
28.6.2024
Despite initially planning to buy all Bitfarms’ shares at $2.30 per share, Riot withdrew the offer, stating that cooperating with Bitfarms’ current board was difficult
Analyst Says Speculators and Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000
27.6.2024
A combination of speculators continuously opening new long positions and miners dumping נitcoin to pay for hardware upgrades caused the top cryptocurrency to plunge to $58,000, according to an onchain analyst. The analyst expects the top crypto asset to rebound once the ongoing...
Bitcoin ‘cascading long squeeze’ to blame for slump to $60K
25.6.2024
An increasing number of traders entering new long positions was the ‘fuel’ behind Bitcoin’s slump to $60,000, according to a Bitcoin analyst Willy Woo
‘Survival games’ as Bitcoin hash price skirts near all-time low
25.6.2024
Despite the hash price crash, most Bitcoin mining machines remain profitable for the time being